24 Seneca StCoventryRI02816
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Coventry at 24 Seneca St, Coventry, RI, 02816 offers a 9.78% rental yield on a $375,000 purchase with $3,056/mo rent. Total monthly income registers $3,056/mo, and a $1,835/mo payment leaves $609/mo available for distribution. Annual cash flow reaches $7,302/yr on $124,313 to close, and return on cash invested stands at 25.78% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 134.8% and total cumulative return in cash at $167,571. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,056/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02816, Coventry, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,263 (100%) |
| Owner Occupied HU | 10,866 (76.2%) |
| Renter Occupied HU | 2,751 (19.3%) |
| Vacant Housing Units | 646 ( 4.5%) |
| Median Home Value | $386,005 |
| Average Home Value | $401,695 |
Housing Distribution
Address Breakdown
Residential
13,809
Single Family
11,932
Multi-Family
1,877
Businesses
781
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Listed by: Adam Cardinal • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1394148